MakeMyTrip Limited (NASDAQ:MMYT) – Analysts at Jefferies Group issued their Q3 2018 EPS estimates for MakeMyTrip in a research report issued to clients and investors on Wednesday. Jefferies Group analyst A. Sen anticipates that the technology company will post earnings per share of ($0.50) for the quarter. Jefferies Group has a “Hold” rating and a $31.50 price objective on the stock.
MakeMyTrip (NASDAQ:MMYT) last issued its earnings results on Wednesday, November 1st. The technology company reported ($0.45) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.27. MakeMyTrip had a negative net margin of 31.73% and a negative return on equity of 12.74%. The firm had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $110.72 million. During the same quarter last year, the business earned ($0.61) earnings per share. The business’s revenue was up 161.7% on a year-over-year basis.
Several other brokerages have also recently issued reports on MMYT. ValuEngine cut shares of MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Goldman Sachs Group began coverage on MakeMyTrip in a research note on Thursday, November 30th. They issued a “buy” rating and a $36.00 price target for the company. Zacks Investment Research lowered MakeMyTrip from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. BidaskClub raised MakeMyTrip from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, TheStreet lowered MakeMyTrip from a “c-” rating to a “d” rating in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. MakeMyTrip currently has a consensus rating of “Hold” and an average price target of $32.13.
Shares of MakeMyTrip (NASDAQ:MMYT) traded down $0.25 during trading on Friday, hitting $31.20. 90,500 shares of the stock traded hands, compared to its average volume of 231,308. MakeMyTrip has a 1 year low of $22.40 and a 1 year high of $40.90. The company has a market capitalization of $2,920.00, a PE ratio of -13.05 and a beta of 0.17.
A number of institutional investors have recently made changes to their positions in the business. Capital World Investors lifted its position in MakeMyTrip by 20.9% during the second quarter. Capital World Investors now owns 5,679,214 shares of the technology company’s stock valued at $190,201,000 after buying an additional 981,229 shares during the period. Ward Ferry Management BVI Ltd lifted its position in MakeMyTrip by 13.4% during the third quarter. Ward Ferry Management BVI Ltd now owns 2,735,212 shares of the technology company’s stock valued at $78,637,000 after buying an additional 322,700 shares during the period. Janus Henderson Group PLC lifted its position in MakeMyTrip by 9.7% during the third quarter. Janus Henderson Group PLC now owns 2,620,313 shares of the technology company’s stock valued at $75,334,000 after buying an additional 231,250 shares during the period. Baillie Gifford & Co. lifted its position in MakeMyTrip by 6.7% during the third quarter. Baillie Gifford & Co. now owns 2,537,697 shares of the technology company’s stock valued at $72,959,000 after buying an additional 158,729 shares during the period. Finally, JHL Capital Group LLC lifted its position in MakeMyTrip by 32.5% during the second quarter. JHL Capital Group LLC now owns 1,656,000 shares of the technology company’s stock valued at $55,559,000 after buying an additional 406,000 shares during the period. 44.87% of the stock is owned by institutional investors and hedge funds.
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MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.
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